{"id":7951,"date":"2025-07-22T23:32:04","date_gmt":"2025-07-22T20:32:04","guid":{"rendered":"https:\/\/sumood.sa\/?page_id=7951"},"modified":"2025-08-03T12:35:43","modified_gmt":"2025-08-03T09:35:43","slug":"predict-risk-a-powerful-end-to-end-risk-management-solution-2","status":"publish","type":"page","link":"https:\/\/sumood.sa\/en\/predict-risk-a-powerful-end-to-end-risk-management-solution-2\/","title":{"rendered":"PREDICT! + @RISK: A POWERFUL END-TO-END RISK MANAGEMENT SOLUTION"},"content":{"rendered":"

Published: May 8, 2025<\/p>\n

Risk management professionals know Microsoft Excel well \u2014 it\u2019s versatile and embedded in daily operations. That\u2019s why @RISK<\/span><\/a>, our advanced risk analysis software, integrates directly within Excel, giving decision-makers powerful risk analysis capabilities exactly where their data lives. @RISK is used by leading companies in pharmaceuticals, aerospace, and many other industries to help improve decision-making, control costs, comply with regulations, and much more.<\/p>\n

However, what happens when you have multiple risk registers within a department, or across an organization? How can you keep track of all risk management activities \u2013 or even combine, consolidate, and compare them? That\u2019s where Predict!<\/span><\/a> comes in. Working together, @RISK and Predict! make it possible to create seamless integration between your risk analysis activities and your enterprise-wide risk management efforts.<\/p>\n

Quickly Evaluate Risks Across Departments or Organizations<\/strong><\/span><\/p>\n

Predict!\u2019s main benefit is that it enables unparalleled high-level visibility of risk across business units or entire organizations. Different reporting tools make it possible to \u201cslice and dice\u201d data from multiple risk registers to find relationships, threats, and opportunities that might be less obvious from analyzing individual spreadsheets.<\/p>\n

The image below shows a sample risk profile comparing the potential costs across different projects.<\/p>\n

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Example of a risk profile comparing the potential costs across different projects. <\/em><\/p>\n

It’s also possible to create bow-tie reports that allow for visualization of how different business functions impact the risk across a project.<\/p>\n

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Example of a bow-tie report in Predict!<\/em><\/p>\n

The interactive Bow-tie capability allows detailed analysis of the causes and consequences of a risk event and the effectiveness of controls.<\/p>\n

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An example of Predict! Risk Visualizer.<\/em><\/p>\n

This Predict! Risk Visualizer report shows how risks are linked to each other. This highlights a risk with multiple links, indicating it could be more important than its standalone assessment.<\/p>\n

These powerful visualizations are just two of the tools available within Predict! \u2013 tools that connect disparate risk analyses for more cohesive risk management at an enterprise-wide level.<\/p>\n

Improve The Security and Traceability Of Company-Wide Risk Registers<\/strong><\/span><\/p>\n

Spreadsheets are versatile, but prone to error. These errors aren\u2019t trivial: In 2012, according to Forbes Magazine<\/a><\/span>, formula mistakes in a manually updated Excel spreadsheet played a role in the infamous \u201cLondon Whale\u201d incident, which ultimately cost JP Morgan Chase more than $6 billion.<\/p>\n

It can be difficult to spot errors in spreadsheets because they don\u2019t track changes automatically. With Predict!, you can import spreadsheets into a centralized database that offers more transparency into who\u2019s using your data, the edits they\u2019re making, and more. This is essential for audit trails as well as for keeping errors under control.<\/p>\n

Proactive Risk Management and Notifications<\/strong><\/span><\/p>\n

Trevor Jay noted that risk registers in Excel are \u201cjust sitting there\u201d \u2013 that is, they\u2019re a passive storage receptacle for data, and that\u2019s all. With Predict!, risk managers can receive notifications about changes to risk registers and \u201cnudges\u201d that encourage risk owners to update their data or their models.<\/p>\n

“If you have mitigation actions tied to a risk,” Jay explains, “and someone changes the completion date, you can automatically notify the risk owner that the associated mitigation plan has been impacted.” These types of updates are only possible in Excel via manual review and editing.<\/p>\n

Predict! Integrates Seamlessly with Enterprise Reporting Tools<\/strong><\/span><\/p>\n

Predict! can also be integrated with other enterprise systems \u2013 not just Excel and @RISK. Application programming interfaces (APIs) allow other software programs to connect with Predict! to bring insights from Predict! into company-wide dashboards.<\/p>\n

Predict! also includes its own powerful visualization tools to help you quickly create visualizations to show stakeholders and executives insights from your risk analyses or to help illustrate risk management strategies.<\/p>\n

Built For Risk Management at Scale<\/strong><\/span><\/p>\n

Finally, while it\u2019s possible to make spreadsheets available to multiple users, managing workflows on a spreadsheet-by-spreadsheet basis is more difficult \u2013 particularly when hundreds of employees are involved.<\/p>\n

By uploading multiple risk registers into a consolidated database designed for multi-user access, Predict! creates a centralized data depository where administrators have granular control over user access \u2013 no matter how many users your organization may have.<\/p>\n

Get Started with @RISK and Predict!<\/strong><\/span><\/p>\n

Combined with the analysis tools available in @RISK, Predict! elevates your company\u2019s risk management capabilities. Find out how you can empower your organization with better end-to-end risk analysis and risk management solutions that also improve data integrity and audit visibility\u2014request a demo of @RISK and Predict!<\/p>\n

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Published: May 8, 2025 Risk management professionals know Microsoft Excel well \u2014 it\u2019s versatile and embedded in daily operations. That\u2019s why @RISK, our advanced risk analysis software, integrates directly within Excel, giving decision-makers powerful risk analysis capabilities exactly where their…<\/p>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-7951","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/sumood.sa\/en\/wp-json\/wp\/v2\/pages\/7951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sumood.sa\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sumood.sa\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sumood.sa\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sumood.sa\/en\/wp-json\/wp\/v2\/comments?post=7951"}],"version-history":[{"count":3,"href":"https:\/\/sumood.sa\/en\/wp-json\/wp\/v2\/pages\/7951\/revisions"}],"predecessor-version":[{"id":8254,"href":"https:\/\/sumood.sa\/en\/wp-json\/wp\/v2\/pages\/7951\/revisions\/8254"}],"wp:attachment":[{"href":"https:\/\/sumood.sa\/en\/wp-json\/wp\/v2\/media?parent=7951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}